renewables News

People Moves: Miller Taps RKH’s Malin, Marsh’s Gil Ramirez for Renewables Team; Chubb’s Haquette to Lead HDI Global’s France Branch Office

This edition of International People Moves details appointments at the London-based broker Miller and the insurer HDI Global in France. A summary of these new hires follows here. Miller Appoints RKH’s Malin, Marsh’s Gil Ramirez for Renewables Team Miller, the …

UK Braces for ‘Storm Eunice’ and Hurricane-Strength Gusts on Friday

Britain’s Met Office issued a rare red weather warning for parts of the UK, saying hurricane-strength gusts of 90 miles (145 kilometers) an hour are set to hit the country on Friday. The weather service said the most dangerous winds …

AXA Consortium in Talks to Buy Stake in Orsted’s UK Offshore Wind Farm

Denmark’s Orsted A/S is in talks with a consortium that includes AXA SA and a Credit Agricole SA unit to sell a stake in a large wind farm off the east coast of England, according to people familiar with the …

Storms With Hurricane Gusts Set to Batter NW Europe, Driving Wind Power Generation

Storms across northwest Europe are set to drive electricity generation from wind farms to records this week in gusty conditions that threaten to disrupt transportation and down power lines. Weather forecasters in the UK, France and Germany warned high-speed winds …

Insurers to Hike Private Market Investments; Environmental Focus Grows: BlackRock

GLASGOW / NEW YORK – Insurers plan to increase their allocations to private markets to 14% from 11% over the next two years in the hunt for yield, as they add more money to environmentally focused investment funds, BlackRock Inc …

Norway Faces Hard Choices After Wind Turbines Ruled Threat to Reindeer Herder Rights

OSLO – Norway faces hard choices over the future of two major wind farms stripped of their licenses for jeopardizing the way of life of Sami reindeer herders, but it remains unclear whether they should be dismantled, the energy minister …

People Moves: Ensurance Hires D’Aliesio as Casualty U/W; Chaucer’s Litterick to Occam for Low Carbon Energy; Stephenson to Aqueous as Snr U/W

This edition of International People Moves covers London-based appointments at three managing general agents: Ensurance, Occam and Aqueous Underwriting. A summary of these new hires follows here. MGA Ensurance Hires D’Aliesio as Senior Casualty Underwriter Ensurance, the specialty lines managing …

Chubb Launches Insurance for Offshore Wind Farms

Chubb has announced the launch of an insurance solution for offshore wind farms. Chubb’s Offshore Wind Farm policy has been developed to support green energy providers through the entire offshore wind farm process – from project inception through to energy …

ArgoGlobal Provides Capacity of $25M for Green Finance MGA Tierra Underwriting Ltd.

ArgoGlobal, the Lloyd’s insurer and member of Argo Group, has formed a partnership with green finance managing general agency, Tierra Underwriting Ltd. ArgoGlobal is providing $25 million in underwriting capacity to support the MGA, supporting Tierra Underwriting in transactions that …

Ryan Specialty’s Renewables MGU Forms Partnership with Generali

Power Energy Risk (PERse), the largest U.S.-based renewable energy managing general underwriter and a part of Ryan Specialty Group (RSG), has formed a strategic partnership with Generali’s P/C division Global Corporate & Commercial UK. The agreement aims at addressing renewables-related …